The Lopsided "Bubble"
Tim Boyle - Property Finance4Nurses
Property Finance for Nurses: “Every nurse can and should own their own home”. CEO and Mortgage Broker at Finance4Nurses, the largest mortgage broker for nurses in Australia.
CoreLogic recently produced their Housing & Economic Chart Pack. Two interesting charts here perhaps don’t show us anything new, but starkly point out the price “boom” is very Sydney/Melbourne focussed.
No wonder those in the other cities get frustrated hearing this and especially when APRA and the banks are putting pressure on lenders to “cool the market”. You would feel pretty aggrieved if you owned an investment property in Perth over the last eight years (chart on the right).
Source: CoreLogic Asia Pacific, Housing Market and Economic Update, August 17.
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